Uganda – Small and Medium Agribusiness Development Fund (SMADF) – September 2023
Polline Akello is a 54-year-old widow with seven children. She is part of the Kok Can Ki Tic (work to deal with the poverty) farmers group. By being part of this group, she receives training and a good price for the maize and soya beans.
The training she received taught her how to prepare her land in a timely manner and ensure that the weeding was done. This allowed her to grow and improve the quality of her maize. She was also shown how to store so that it would meet the standards required to sell to Kamp Feed.
The SMADF, registered and operating as the Yield Uganda Investment Fund, brings together public and private investors to provide innovative financial products to small and medium agri-business companies. Launched in 2017, the fund is financed by the Ugandan Pension Fund, the Finnish Church Aid Investments and the Soros Development Fund, and the European Union, whose funds are channelled through IFAD, and managed by Pearl Capital.
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